EU lowers demand of U.K. slots to be ceded for British Air deal

Article Abstract:

British Airways is expected to receive a request from the European Commission (EU) to give up 267 takeoff and landing slots at Heathrow and Gatwick Airports in London, UK. The requirement is part of the commission's ruling involving British Airways' proposed alliance with AMR Corp.'s American Airlines. The number is lower than the initial proposal launched by Competition Commissioner Karen Van Miert to require the airline to give up around 350 slots to competitors at Heathrow. The EU is also expected to ask British Airways and American Airlines to reduce the number of flights they operate on key routes to make room for competitors.

Comment:

Is to be requested by European Commission to give up 267 takeoff & landing slots at Heathrow & Gatwick Airports in London, UK

Scheduled Airlines, Scheduled Air Transportation, Services information, Airlines, British Airways PLC, Article

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Glaxo is set back on antidiabetes drug

Article Abstract:

Glaxo Wellcome PLC's application to reintroduce the troglitazone drug was rejected by medical regulators in the UK. Troglitazone is a antidiabetes drug that was removed from the UK marketplace 15 months ago due to safety problems. The Medicines Control Agency of the UK made its unexpected decision just days before the US Food and Drug Administration (FDA) is scheduled to review the drug's safety profile.

Comment:

Application to reintroduce troglitazone drug rejected by British medical regulators

Product information, Pharmaceutical Preparation Manufacturing, Antidiabetic Preparations, Hypoglycemic agents, Glaxo Wellcome PLC

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SmithKline Beecham is in talks to sell its DPS Pharmacy unit for possible loss

Article Abstract:

SmithKline Beecham PLC is engaged in talks to sell its Diversified Pharmaceutical Services Inc. (DPS) subsidiary to a drugstore chain. People familiar with the talks said that SmithKline is selling the subsidiary for less than what it paid to acquire it in 1994. The company purchased DPS as part of its attempt to diversify its operations. The strategy proved to be a disappointment for investors.

Comment:

SmithKline engaged in talks to sell its Diversified Pharmaceutical Services Inc

United States, Strategy & planning, Management services, Medical Management Services, Office Administrative Services, Planning, SmithKline Beecham PLC, Diversified Pharmaceutical Services Inc.

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